Funding | Page 5

The new fund which is targeting an Rp300 billion first close from third-party limited partners is now welcoming institutional backers and other investors who seek to help Indonesia's tech ecosystem

The fintech will utilize the fund to expand its customer base in Singapore and accelerate its growth, first across southeast Asia followed by the rest of Asia

The company said it plans to use the fresh funds to accelerate development of its cyber range product as well as to build its global sales and marketing teams.

The series B+ round was led by Vertex Growth Fund and Kuok Group's Orion Fund managed by K3 Venture Partners.

Qwilr will use the fresh funds to expand its customer facing teams in the US and Europe, evolve the product to make customer communication more seamless and hire engineering and product talent in Australia.

The Jakarta-based company aims to use the funds to invest further into technology, people and brand to fuel their multi-channel strategy.

The Singapore-based company has also announced its formal rebranding as Igloo.

The company, which will target Malaysia and Indonesia first, said it believes the two countries have a lot of untapped potential to build AI talent and ecosystem

The fund is looking to invest in 15 to 20 companies based in Southeast Asia, Hong Kong, India, Australia and New Zealand

Knowing how to approach VCs is critical in succeeding in both gaining their attention and closing an investment

The undisclosed investment came from Singapore's Jungle Ventures

The funding round was led by Temasek's unit, Pavilion Capital, and Gobi Partners

Singapore's Grab earlier this year launched its investment platform, Grab Ventures, focused on tech, logistics, mobility, payments, food and groceries, and other on demand services

Smartphone penetration, technological advancement, and success of homegrown brands in Southeast Asia have increased demand for accurate marketing data, company says

Take a look at five startups that received funding this week. Bukalapak website Indonesia’s Bukalapak E-commerce giant Bukalapak on Friday raised funding from South Korea’s Shinhan Financial Group, giving the company a valuation of $2.5 billion. Shinhan’s investment banking unit joins Alibaba’s Ant Financial, GIC, 500 Startups, Emteck and Mirae Asset, among others, as investors […]

Carro has announced the acquisition of Indonesia's e-classified marketplace, Jualo - as part of the fresh US$30 million funding it raised recently from SoftBank Ventures Asia, and others

Built on blockchain technology, a funding and trading platform for private companies, Funderbeam, has adopted elements of 'stock exchanges' and devised a complete 'new business model of stock markets and investments'

By choosing to grow from revenue, you get close to early customers, who help validate and strengthen your offering

It involves listening to partners, stakeholders, and customers, and keeping the ego (and VC firms) out of the equation

The 13-year-old company follows a long list of Chinese tech companies going public

Know what happened in the APAC region over the past week